{"id":563324,"date":"2024-08-11T05:20:09","date_gmt":"2024-08-11T05:20:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=563324"},"modified":"2024-08-11T05:19:12","modified_gmt":"2024-08-11T05:19:12","slug":"is-it-too-late-to-buy-neiro-neiro-ethereum-price-pumped-13-as-traders-rush-to-buy-this-eth-layer-2-crypto-for-its-100x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-neiro-neiro-ethereum-price-pumped-13-as-traders-rush-to-buy-this-eth-layer-2-crypto-for-its-100x-potential","title":{"rendered":"Is It Too Late To Buy NEIRO? Neiro Ethereum Price Pumped 13% As Traders Rush To Buy This ETH Layer 2 Crypto For Its 100X Potential\/"},"content":{"rendered":"

The Neiro Ethereum price has pumped 10% in the last 24 hours to trade at $0.2218<\/a> as of 6:50 p.m. EST on a 15% surge in trading volume to $21 million.<\/p>\n

Neiro Ethereum has emerged as one of the top-performing tokens. In less than two weeks, $NEIRO has a market capitalization of $260 million.<\/p>\n

Neiro Ethereum Price Analysis: Bulls Stage A Strong Support Zone<\/h2>\n

NEIRO price indicates a gradual uptrend as the struggle for price control leads to the formation of the bullish channel. Traders look to this pattern for bullish trend continuation. According to GeckoTerminal data<\/a>, the small drop from the channel’s upper trendline at $0.2943 has led to the bulls showing more resilience, staging a strong support zone that has the price jump back again.<\/p>\n

Though the bears are trying to push the price down, the bulls seem poised to drive the price up to the channel’s upper trendline. If the bulls take full control, they could push the price above the channel, triggering a bully rally that could catapult NEIRO to a new all-time high.<\/p>\n

\"Neiro<\/p>\n

NEIROUSD Analysis. (Source: Dextools.io)<\/p>\n

Neiro Ethereum Price Bullish On Technical Indicators<\/h2>\n

The NEIRO Ethereum price trades below the 50 Simple Moving Average (SMA). However, it is relatively above the 200 SMA, giving the bulls a chance to drive the price again. This also indicates a positive sentiment and diminishing selling pressure for the Neiro price.<\/p>\n

The Relative Strength Index (RSI) has been trading along the 50 midline level, with the bulls trying to push the price up several times. This level looks strong enough to allow the RSI to surge to the overbought Zine of  70. Currently, at 53 the buying pressure for Neiro’s price is beginning to pile up, which might force the RSI to rise again.<\/p>\n

Meanwhile, the MACD indicator is still trading above the neutral level. Though it indicates a fall, there is still hope that the bulls will push back, which may force the MACD to fly back up. The increasing bullish bars and a recent crossover above the signal line have boosted bull traders’ confidence. This means there’s a high chance it could continue the uptrend, favouring the buyers and shifting momentum back to bullish.<\/p>\n

Neiro Ethereum Price Prediction: Is $0.4 Within Reach?<\/h2>\n

Bulls are poised to drive the price higher. With support from the technical indicators and moving averages, the Neiro Ethereum price could rally to a new high of $0.4435 in the coming weeks.<\/p>\n

However, if the bears gain control in a converse case, the price could drop to the support level of $0.1964. Continued downward pressure may lead to a further decline, potentially reaching the upper trendline of the wedge at $0.1335.<\/p>\n

Pepe Unchained ($PEPU) Presale Zooms Past $8 Million: The Best Meme Coin To Buy Now?<\/h2>\n

The enthusiasm surrounding the bullish outlook for Neiro Ethereum is seen in this new layer 2 token Pepe Unchained ($PEPU)<\/a>, which just zoomed past $8 million in presale funds.<\/p>\n

It is one of the best and top-performing ICOs this year, shielded from the ongoing meme coin selloff affecting the sector. PEPU operates on its layers 2 network, moving away from the old PEPE layer 1 blockchain. it is this upgrade that provides investors with faster transaction speeds, greater scalability, and significantly lower fees.<\/p>\n

According to the project team, PEPU aims to achieve speeds up to 100 times faster than meme coins on the Ethereum network.<\/p>\n

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Pepe is gearing up to surf his own Layer 2 blockchain – the first of its kind! 🐸🌊 pic.twitter.com\/T41V8wNDBh<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) August 8, 2024<\/a><\/p><\/blockquote>\n